Bookkeeping Services
Payday Super Changes: What Brisbane businesses need to know (and how to prepare).
From 1 July 2026, one of the most significant payroll changes in decades will take effect in Australia. It’s called Payday Super, and it will fundamentally change how businesses manage payroll, cash flow, and compliance. For many employers, superannuation has traditionally been a quarterly task. But under the new rules, super must be paid at…
Read MoreNational Minimum Wage to be increased 3.5% from 1 July 2025
The Fair Work Commission has announced a 3.5% increase to the National Minimum Wage and all minimum award wages as part of its 2024–2025 Annual Wage Review. What is changing? This increase will apply from the first full pay period starting on or after 1 July 2025. The National Minimum Wage will rise to $948…
Read MoreSmart Strategies for Small Business Success
Lodgement or filing in the BAS or Business Activity Statement is a legal obligation for all businesses operating in the country. It is the country’s tax reporting and collecting tool and the Australian Taxation Office (ATO) have set specific rules and regulations on BAS and GST lodging. Non-compliance, inaccuracy and late lodgement can lead to penalties, fines and other sanctions
Read MoreThe Best Apps to Digitise Your Receipts
What do a project manager for a construction company and a retail shop owner have in common? They are both handling dozens of invoices and receipts every day, from fuel receipts crumpled in the glovebox, contractor invoices left behind on a job site, or digital receipts lost in email clutter. What’s worse is, when tax…
Read MoreBAS 101: A Business Guide to BAS and GST
Lodgement or filing in the BAS or Business Activity Statement is a legal obligation for all businesses operating in the country. It is the country’s tax reporting and collecting tool and the Australian Taxation Office (ATO) have set specific rules and regulations on BAS and GST lodging. Non-compliance, inaccuracy and late lodgement can lead to penalties, fines and other sanctions
Read MoreStruggling to Manage Payroll? Here’s How to Free Up Your Time
Are you spending countless hours calculating wages, deducting taxes, and keeping up with ever-changing payroll laws? For many businesses in Brisbane, managing payroll is a time-consuming and stressful task—one that takes your attention away from growing your company. Thankfully, bookkeepers like LINK Books can take the payroll burden off your hands, ensuring your employees are paid…
Read MoreUpcoming Employment Law Changes: What to Expect This Year
Starting August 26, 2024, several important employment law updates will take effect, impacting the right to disconnect, casual employment, and independent contractors. These changes include new provisions for employees to disconnect from work outside of hours, updated definitions and conversion processes for casual workers, and stricter rules against sham contracting. In this article, we’ll outline…
Read More6 common bookkeeping myths busted
Bookkeeping is an extremely important aspect of any business. Despite this, there are so many myths surrounding what a bookkeeper does, and the real value they bring to businesses. As well as this, they often get confused with accountants, who do a very different job. Because of these myths, many business owners miss out on…
Read MoreEverything you need to know about the taxable payments annual report (TPAR)
When running a business there are a wide range of reporting obligations you should be aware of. As the ATO has increased access to data with the advent of single touch payroll (STP) and further initiatives, it is more important than ever to make sure you remain compliant. Taxable payments to contractors are one of…
Read More6 tips to managing ATO payment plans for your overdue BAS
Sometimes, after a few difficult months, you may find yourself in a bit of trouble with overdue BAS lodgements. But, don’t worry it is not the end of the world, an ATO payment plan can help you out. It is nothing to be ashamed of, the ATO wants your business to be successful and understand…
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